Connecticut escalates fight with Kalshi to halt ‘unlicensed’ sports event contracts

27th August, 2026

Narayani Srinivasan
Connecticut GIG

The action opens another front in a broader legal battle over whether states can regulate prediction markets, as the Commodity Futures Trading Commission (CFTC) seeks to block Connecticut from applying its gambling laws to federally regulated event contracts.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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